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TMP (Tompkins Financial) ROE % : 9.34% (As of Jun. 2024)


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What is Tompkins Financial ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tompkins Financial's annualized net income for the quarter that ended in Jun. 2024 was $62.7 Mil. Tompkins Financial's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was $671.3 Mil. Therefore, Tompkins Financial's annualized ROE % for the quarter that ended in Jun. 2024 was 9.34%.

The historical rank and industry rank for Tompkins Financial's ROE % or its related term are showing as below:

TMP' s ROE % Range Over the Past 10 Years
Min: 1.48   Med: 11.46   Max: 13.78
Current: 9.9

During the past 13 years, Tompkins Financial's highest ROE % was 13.78%. The lowest was 1.48%. And the median was 11.46%.

TMP's ROE % is ranked better than
54.01% of 1546 companies
in the Banks industry
Industry Median: 9.29 vs TMP: 9.90

Tompkins Financial ROE % Historical Data

The historical data trend for Tompkins Financial's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tompkins Financial ROE % Chart

Tompkins Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.76 11.26 12.37 12.66 1.48

Tompkins Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.42 9.38 10.10 9.34 10.69

Competitive Comparison of Tompkins Financial's ROE %

For the Banks - Regional subindustry, Tompkins Financial's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tompkins Financial's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tompkins Financial's ROE % distribution charts can be found below:

* The bar in red indicates where Tompkins Financial's ROE % falls into.



Tompkins Financial ROE % Calculation

Tompkins Financial's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=9.505/( (615.978+668.522)/ 2 )
=9.505/642.25
=1.48 %

Tompkins Financial's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as

ROE %=Net Income (Q: Jun. 2024 )/( (Total Stockholders Equity (Q: Mar. 2024 )+Total Stockholders Equity (Q: Jun. 2024 ))/ count )
=62.728/( (667.906+674.63)/ 2 )
=62.728/671.268
=9.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2024) net income data. ROE % is displayed in the 30-year financial page.


Tompkins Financial  (AMEX:TMP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=62.728/671.268
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(62.728 / 290.916)*(290.916 / 7823.778)*(7823.778 / 671.268)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.56 %*0.0372*11.6552
=ROA %*Equity Multiplier
=0.8 %*11.6552
=9.34 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=62.728/671.268
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (62.728 / 82.46) * (82.46 / 290.916) * (290.916 / 7823.778) * (7823.778 / 671.268)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7607 * 28.34 % * 0.0372 * 11.6552
=9.34 %

Note: The net income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Tompkins Financial ROE % Related Terms

Thank you for viewing the detailed overview of Tompkins Financial's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tompkins Financial Business Description

Traded in Other Exchanges
Address
118 East Seneca Street, P.O Box 460, Ithaca, NY, USA, 14851
Tompkins Financial Corp is a Financial Holding Company. It has three business segments, consisting of banking, insurance and wealth management. It offers various products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance. Insurance is comprised of property and casualty insurance services and employee benefit consulting. Wealth management activities include the results of the company's trust, financial planning, and wealth management services. The company generates majority of its revenue from Banking segment.
Executives
John D Mcclurg director PO BOX 460, ITHACA NY 14851
Ita M Rahily director P.O. BOX 460, ITHACA NY 14851
David Kershaw officer: SVP, PAO PO BOX 460, ITHACA NY 14851
Charles J Guarino officer: SVP Chief Bank Operations Off. 220 LIBERTY STREET, WARSAW NY 14569
Matthew D Tomazin officer: EVP, CFO & Treasurer PO BOX 460, ITHACA NY 14851
Johanna B Anderson officer: Officer: EVP, Pres., TCB CNY PO BOX 460, ITHACA NY 14851
Angela B Lee director PO BOX 460, ITHACA NY 14851
Nancy E. Catarisano director 27 FAIRPORT DRIVE, FAIRPORT NY 14450
Alfred J Weber director 5 FOXGLOVE LANE, READING PA 19606
Diane D Torcello officer: EVP & President, Tompkins WNY PO BOX 460, ITHACA NY 14851
Gregory J Hartz officer: Executive Vice Pres. C/O TOMPKINS TRUSTCO, INC., P.O. BOX 460, ITHACA NY 14851
Francis M Fetsko officer: EVP, CFO, Treasurer C/O TOMKINS TRUSTCO, INC., PO BOX #460, ITHACA NY 14851
Ginger G Kunkel officer: President TCB Pennsylvania 389 COAL MOUNTAIN ROAD, ORWIGSBURG PA 17961
Scott L Gruber officer: EVP, Pres & CEO, VIST Bank 1240 BROADCASTING RD., WYOMISSING PA 19610
John M Mckenna officer: EVP, Tompkins Bank of Castile P.O. BOX 460, ITHACA NY 14851

Tompkins Financial Headlines